This paper was motivated as a student of the Business Law and ethics module as part of the generic Master of Business Administration (MBA) program. The paper therefore discusses the legal question “To What Extent Does the Law Provide Sufficient Protection for Those Who Enter into A Contract with A Person Who, Through Age, Mental Illness, Or Intoxication, May Be Said to Lack the Capacity to Make a Binding Agreement”? Indeed, every Contract is an agreement, but it is Not Every Agreement That Qualifies to Be Called a Contract.